funding rounds
"We must build frontier data which is always pushing the boundaries of AI capabilities towards complex reasoning, agents, multimodality, and more."
The investment comes as a Google DeepMind paper poured some cold water on the AI hype, finding "various failure modes of transformers and degradation of their generalization for even simple extrapolation tasks" if these are out of its training data domain.
Synthetic data specialist Hazy has raised $9 million in a Series A round that will be used to scale the British startup. Funding was led by Conviction VC, with strategic investors including Nationwide and Wells Fargo. Originally a UCL AI spin out, London-based Hazy uses AI-generated synthetic data that preserves
Critics say many fintechs are "parasitic rather than transformational". ClearBank aims to...